Global resurgence in hybrid cars

Global demand for electric vehicles is declining as consumers favor hybrid cars due to their lower costs and longer driving range. Hybrids now account for a growing share of new car sales worldwide, with their popularity surging in countries like the U.S., Spain, and Japan. Automakers such as Toyota, BYD, and Ford are increasing hybrid production to meet this demand, although many industry leaders still believe fully electric vehicles will eventually dominate over the coming decades. Hybrid sales are expected to comprise as much as 40% of global production by 2030.

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